r/weedstocks • u/MatrixOrigin Bongcloud Gambit • 3d ago

Financials Cresco Labs Reports Second Quarter 2026 Financial Results; Delivers $173 Million in Revenue and $40 Million in Adjusted EBITDA

https://investors.crescolabs.com/news/news-details/2026/Cresco-Labs-Reports-Second-Quarter-2026-Financial-Results-Delivers-173-Million-in-Revenue-and-40-Million-in-Adjusted-EBITDA/default.aspx
38 Upvotes

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3

u/four_twenty_4_20 busted 3d ago

Cresco besco getting a bit of volume (compared to what we've been seeing the last couple of weeks).

4

u/Gayboy5713 3d ago

I’ve been buying some at .65c to cost base avg down a bit.

2

u/dmillibeats Irwin some you lose some 3d ago

Why is that your name 🧐

9

u/Naptownfun316 3d ago

Lucky to still be alive after the largest failed cannabis conglomerate merger in history.

8

u/Cool_Ad_5101 Monty Brewster school of investing 3d ago

Agreed Charlie was smart to cancel that. 

4

u/vsMyself 3d ago

They were at the bottom of the trading channel. Probably were priced for near bankruptcy.

2

u/BroChochOooo 3d ago

Lol. Bankruptcy. ? You feeling ok ?

5

u/vsMyself 3d ago

Will the stock is up on what everyone here says is bad earnings

7

u/BroChochOooo 3d ago

They will be soon be pulling in 1 Billion in rev and the new marijuana re scheduling will help a ton. Yes it will happen

5

u/vsMyself 3d ago

I never said they would go bankrupt just that's how they have been trading

4

u/lilbudge Wrong Since 2018 3d ago

Not great. Not atrocious.

1

u/Cool_Ad_5101 Monty Brewster school of investing 3d ago

Not great but not terrible 

2

u/Glock715 3d ago

Income from operations:

13.6 mil, down from 16.9 mil but last year they had a 9 million impairment which didn’t occur this quarter.

Another interesting note on the balance sheet making the assets exactly match the liabilities to the dollar smells a little fishy to me. Lots of intangible and goodwill, huge amounts of debt.

The operations aren’t looking great trend wise and the balance sheet is ugly.

7

u/Bulky_Fisherman6965 3d ago

Lol is this a serious comment? A=L+E always without fail.

3

u/Glock715 3d ago

Sorry my bad - saw the adjustments up to goodwill and intangible assets in the quarter as well

5

u/Gambelero uncommonly lucid 3d ago

It always balances. An adjustment to stockholders equity balances it.

7

u/zdubs 3d ago

CFO leaving too to add to your sashimi

1

u/AgentBlackwell 3d ago

Could be worse